By Kathryn Green on 09-08-2010
Banks could be forced to pay back billions of pounds in compensation to customers who were mis-sold Payment Protection Insurance (PPI). The Financial Services Authority (FSA) has been investigating the PPI industry for five years, and says in that time it has found “wide and deep evidence of weaknesses in PPI sales”. Following its investigation, the FSA has published a policy statement confirming a package of measures to protect consumers in the PPI market and has given lenders until December 1 to comply. The FSA estimates that the measures, which include rules forcing lenders to ensure that complaints are handled properly and redressed fairly, will force the financial services industry to deal with about 550,000 complaints a year for the next five years. Read more…
By Kathryn Green on 09-08-2010
When it comes to automobile insurance, you want to buy it when you have any kind of automobile intended to be used on public roads that could be involved in some accident or the other on the highway, and that could have some legal and financial fallout.
The insurance policy package may cover either of the insured party, the insured vehicle, third party vehicle or persons, or the package may actually cover all of these items. Seriously, your insurance company’s level of protection provided depicts what is in your bank account to be paid as monthly premiums for the deal.
A car insurance quote refers to the premium rates offered to you by the insurance company that you are applying to, based on certain statistics or standards of reference, or on the calculations of an actuarial. Y
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By Dustin Mitchell on 07-08-2010
Insuring own house can look like a tricky business to most people who are not quite familiar with the ins and outs of insurance coverage. Some people are even afraid of getting adequate coverage because they don’t know what to do if they will actually need it. And taking the fact that insurance is not the cheapest of services these days it’s quite evident that many people will choose to leave their houses uncovered. Still, if you value your house high enough to be worried about losing or damaging it having it covered is a must. Read more…
By Christine Johnson on 05-08-2010
We have had three water damage/mold claims in the last three years due to pipes leaking and ice dam after record snow fall. Now they drop us. USAA sucks. I sure there are plenty of other insurance companies that would like our business now the the house is fixed.
By Christine Johnson on 05-08-2010
I was with Esurance for about 7 years. My premiums consistently went down and I never had a problem with them until this past year. A car on my policy was in an accident. It should have been totaled, but wasn’t. The car was fixed, but not completely. After complaining that the transmission wasn’t working properly, because of the accident, we were told that this was not a result of the accident. Even though the car would not go into gear after the accident and the transmission was fine before that. Their “dedicated claims rep” was not so dedicated to us. He would take 3-4 days to call or e-mail back when we had a question. Overall, I was extremely disappointed with this experience.
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By Kathryn Green on 04-08-2010
Because of the different legal systems there are some major coverage differences between United States and Mexican car insurance policies. I will outline some the the coverage differences by type of insurance. Please, do not confuse this with a complete list as there and far too many “minor” differences to list.
First of all, let’s talk about Liability Insurance. Civil Law, as defined by statute, determines liability coverage in Mexico. This can be really good or really bad depending on your point of view. Because of this system there is almost never a claim made for pain and suffering or emotional distress. The g
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